2. Vision Finance
Please note that the information you are viewing is 162 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Vision Finance Company S.A NyarugengeKigaliPO Box 6893
Data approved: 2011-09-16
Data version: 1
Age of data: 162 months

Institution Details

Institution TypeNon Bank Financial Institution
Is this institution regulated?Yes
Website addresshttp://www.vfcrwanda.com/
Year established1999
Head of InstitutionShem Kakembo
Regions activeBugesera, Burera, Gakenke, Gasabo, Gatsibo, Gicumbi, HuyeKayonza, Kicukiro, Kirehe, Musanze, Ngoma, Ngororero, Nyabihu, Nyamagabe, Nyarugenge
# Branches0

Total Portfolio (nat'l)RWF 2,223,773,287
Total Portfolio (USD)USD 3,474,645.76
Active clients with loans14,226
Approximate % female clients60% - 80%
Approximate % urban clients20% - 40%
Network affiliationsAMIR, World Vision International, MAIN, ANAFI
FundersVision Fund International, Terrafina, KIVA, Triple Jump

Loan Products » Summary

Akarusho
196 Borrowers
USD 15,873.60 Portfolio
Active Product
Inyongera
68 Borrowers
USD 1,652.13 Portfolio
Active Product
Iyambere
3,374 Borrowers
USD 2,445,455.30 Portfolio
Active Product
Koramuhinzi
3,387 Borrowers
USD 279,529.35 Portfolio
Active Product
Trust
4,440 Borrowers
USD 596,656.28 Portfolio
Active Product
Urunana
2,565 Borrowers
USD 135,479.10 Portfolio
Active Product

Loan Products » Conditions

Product Name Loan Size Range Loan Term (months) % Female % Urban Loan Purpose Eligibility Other Services
Akarusho (Progress Equipment) Loan RWF 96,000 - 700,000 6 - 36 40% - 60% 0% - 20% Business Women, Men, Have business Credit Educ, Group Mtgs, Credit Ins
Inyongerabukungu (Grow the Economy) Loan RWF 500,000 - 2,000,000 3 - 24 40% - 60% 0% - 20% Business Women, Men, Have business Credit Ins
Iyambere (Individual Progress) Loan RWF 500,000 - 4,000,000 3 - 24 40% - 60% 60% - 80% Business Women, Men, Have business, Must have collateral Credit Educ, Group Mtgs, Credit Ins
Koramuhinzi (Farmers Please Work) Loan RWF 10,000 - 300,000 3 - 9 60% - 80% 0% - 20% Business Women, Men, Have business Credit Educ, Group Mtgs, Credit Ins
Ubwizerane (Trust) Loan RWF 150,000 - 250,000 3 - 12 40% - 60% 40% - 60% Business Women, Men, Have business Credit Educ, Group Mtgs, Credit Ins, Tech Asst Visits, Business Training
Urunana (Community Bank) Loan RWF 30,000 - 495,000 3 - 8 60% - 80% 0% - 20% Business Women, Men, Have business Group Mtgs, Credit Ins, Business Training

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Akarusho (Progress Equipment) Loan 30.00% annual, Flat 1 Fee 1 Ins None N/A 53.6% - 55.6% 55.5% - 57.9% 53
Inyongerabukungu (Grow the Economy) Loan 30.00% annual, Flat 1 Fee 1 Ins None N/A 37.4% - 59.1% 41.2% - 63.7% 61
Iyambere (Individual Progress) Loan 30.00% annual, Flat 1 Fee 1 Ins None N/A 44.2% - 58% 46% - 61.3% 56
Koramuhinzi (Farmers Please Work) Loan 30.00% annual, Flat 1 Fee 1 Ins None 20.00% upfront 37.2% - 37.4% 51.8% - 52.1% 57
Ubwizerane (Trust) Loan 30.00% annual, Flat 1 Fee 1 Ins None 20.00% upfront 60% - 62.1% 95.8% - 100.5% 30
Urunana (Community Bank) Loan 30.00% annual, Flat 1 Fee 1 Ins None 20.00% upfront 28.7% - 37.2% 42% - 51.8% 61
Institution Price Graph
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  2. KDCI
Please note that the information you are viewing is 160 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Kasagana-Ka Development Center, Inc. 5 Don Francisco Street., Don Enrique HeightsCommonwealth Ave., Bgy. Holy SpiritQuezon City, NCR1127
Data approved: 2011-11-15
Data version: 1
Age of data: 160 months

Product

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Product Details

Key Statistics
Outstanding portfolio (PHP)PHP 83,154,133.83
Portfolio (USD)USD 1,989,333.35
Active Clients with Loans17,800
Approximate % Female Clients80% - 100%
Approximate % Urban Clients80% - 100%
Methodology
Individualx
Solidarity group
Village banking
Self help group
OtherBorrower needs 2 co-makers as guarantors
Description
This is the primary loan product given to members. It may be used as start-up capital or additional capital, with the aim of improving the livelihood of the family.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit educationx
Group meetingsx
Credit insurancex
Workplace visitsx
Business trainingx
Other training
OtherLife Insurance
Other (2)Fire and Catastrophe Insurance (by 2011)
No other services
Eligibility
Menx
Womenx
Must run a business
Must own a home or landx
Must be a salaried worker
Must be specific age group
Other
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institutionN/A
# Regions for this productN/A
Regions Active

Loan Conditions

Loan Amount
CurrencyPHP
Minimum loan sizePHP 3,000
Maximum loan size150,000
Loan Term and Grace Period
Shortest loan term3.0 months
Longest loan term9.0 months
Approx average6.0 months
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Daily
Weeklyx
Every 2 weeks
Every 4 weeks
Monthly
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Pricing Information

Interest
Lowest quoted nominal interest2.50%
Highest quoted nominal interest2.50%
Interest rate periodMonthly
Interest Rate Calculation MethodFlat
Subsidized by funder request?
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionProcessing Fee
% of loan amount - min2.00%
% of loan amount - max4.50%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variation
Appears on Repayment Sched?No
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionLoan Redemption Fund
% of loan amount - min0.38%
% of loan amount - max1.13%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?No
Ongoing Insurance Fees
Ins 1
DescriptionK-MBA (Life Insurance)
% of loan amount - min0
% of loan amount - max0
OR, Fixed amount - min15
Fixed amount - max15
Reason for variationN/A
Appears on Repayment Sched?No
Compulsory Deposit
Required forAll
CriteriaN/A
Is deposit indicated on the repayment schedule?Yes
Do borrowers control deposit in their group?
Deposit BEFORE or AT Disbursement
% loan amount deposited0
or, Fixed-amount deposited0
Deposits DURING period payments
% loan amount deposited0
or, Fixed-amount depositedPHP 55
Conditions on access to depositAccess During
Interest Paid on Deposit
Minimum interest rate paid5.00%
Maximum interest rate paid5.00%
Interest payment frequencyMonthly
Taxes
Are taxes charged on this product?No
Additional Comments
Savings may be withdrawn any time as long as it will not go below the retention limit of 2% of the loan amount. Some members deposit more than the minimum amount. Grace period in payment allowed when member or family member is sick or death in family or met catastrophe (fire, flood). Members must be a member of K-MBA, with a one-time membership fee of P3 and weekly premium of P15 for life insurance and P5 for retirement fund (reflected as savings). Retirement fund is withdrawable upon exit from KDCI and K-MBA with an interest of 2% per annum. Member's loanable amount may increase based on repayment record

Full Pricing Data

K-Negosyo samples
Sample 1Sample 2Sample 3Sample 4Sample 5Sample 6
Loan AmountPHP 3,000PHP 8,000PHP 15,000PHP 32,000PHP 50,000PHP 100,000
Loan Cycle (1, 2, 3, etc)155132014
Disbursement Date2011-04-272011-04-262011-04-262011-04-132011-04-062010-11-04
Loan Term (Months)5.8 months3.5 months5.8 months5.8 months5.8 months5.8 months
Grace Period (Months)0.0 months0.0 months0.0 months0.0 months0.0 months0.0 months
Total Cost of CreditNot KnownNot KnownNot KnownNot KnownNot KnownNot Known
True Price by Comp           
Interest and Fee Component70.6%71.0%71.5%70.6%70.6%71.5%
Insurance Component48.8%20.1%12.8%7.7%6.1%4.8%
Tax Component0.0%0.0%0.0%0.0%0.0%0.0%
Deposit Component38.8%-25.0%6.3%2.6%1.6%0.8%
Full APR (int fee ins tax dep)158.3%66.0%90.5%81.0%78.4%77.1%
Transparency Index194533373839
            
Original Repayment SchedulePDFPDFPDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDFPDFPDF
K-Negosyo Price Graphs


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